| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Poor |
| Demographics | 7th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2852 W 1st St, Jacksonville, FL, 32254, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2852 W 1st St Jacksonville Multifamily Investment
Renter-occupied housing is prevalent in the immediate neighborhood, supporting a deeper tenant base and steady leasing, according to WDSuite’s CRE market data. Older housing stock nearby also positions renovated units to compete on quality rather than price alone.
Located in an Inner Suburb of Jacksonville, the property sits in a neighborhood with mixed fundamentals: grocery access is strong (above metro median and high nationally), while parks, pharmacies, and cafes are sparse. For investors, that translates to daily-need convenience but limited lifestyle amenities within the block, which may place more emphasis on on-site offerings and unit finishes.
Neighborhood occupancy is 86.8% (neighborhood-level, not property-specific), placing it below national medians, yet renter concentration is high with a large share of units renter-occupied (top decile nationally). This indicates depth in the tenant pool and supports ongoing leasing activity, though it can also heighten price sensitivity and turnover if management and value proposition are not aligned with local demand.
Within a 3-mile radius, recent population growth and a meaningful increase in households point to a larger tenant base, and forecasts indicate further household gains by 2028 alongside smaller average household sizes. These trends generally favor multifamily absorption and support occupancy stability as more renters enter or remain in the market.
Home values in the immediate neighborhood are low relative to national benchmarks. This more accessible ownership landscape can create competition for entry-level renters, so operators may need to differentiate through renovations, convenience, and service to sustain retention and pricing power.
Safety conditions in the neighborhood rank in the lower tier of Jacksonville’s 368 neighborhoods and fall well below national comparisons, indicating elevated crime relative to both the metro and the country. Recent data also shows a year-over-year uptick in both property and violent offenses. Investors typically account for this with enhanced security protocols, focused tenant screening, and daytime curb-appeal improvements to support leasing and resident retention.
- Fidelity National Information Services — financial technology (2.9 miles) — HQ
- Fidelity National Financial — title & insurance services (2.9 miles) — HQ
- CSX — freight rail HQ & corporate (3.3 miles) — HQ
- Anixter — distribution & industrial supplies (18.1 miles)
Built in 1973, the asset is newer than the neighborhood’s average vintage, which helps competitive positioning versus older stock while still leaving room for targeted system updates and value-add renovations. High renter concentration locally supports a broad tenant base, and 3-mile population and household growth trends point to ongoing renter pool expansion. According to CRE market data from WDSuite, neighborhood occupancy is below national medians, suggesting leasing remains achievable with the right finish level and management focus.
Grocer access is a relative strength, though limited parks, pharmacies, and cafes nearby shift more of the resident experience onto property-level amenities. Low neighborhood home values can increase competition from ownership, and elevated rent-to-income ratios indicate potential affordability pressure—factors that call for disciplined rent setting and retention strategies. Safety ranks below metro averages, so proactive operations and capex for security may be necessary to support leasing and resident satisfaction.
- 1973 vintage offers competitive positioning versus older local stock with clear value-add and systems-upgrade pathways
- High renter-occupied share supports depth of demand and leasing velocity
- 3-mile population and household growth indicate a larger renter base and support for occupancy stability
- Grocery convenience is a local strength; limited parks/pharmacies/cafes heighten the role of on-site amenities
- Risks: below-median neighborhood occupancy, affordability pressure, and safety concerns require proactive management